China poised to move investment targets to Europe

From EEO: The American financial crisis would likely accelerate the pace for China’s State Administration of Foreign Exchange (SAFE) to diversify its oversea investments and switch its focus to the European market.

The EO learned that during the past two weeks, many high-level managers from European private equity firms have come to Beijing on invitation by Chinese officials. Sources told the EO that after the US financial crisis began, some of these European managers were invited to impart investment from Europe, while others came to actively seek Chinese investment….. Full Article: Source